EIM45275 - Employment income provided by third parties: exclusions: holiday pay schemes
Section 554E ITEPA 2003
A relevant step will not give rise to Part 7A income if:
- it is taken under an independently managed central holiday pay scheme, and
- the conditions for the NIC disregard are met.
After 30 October 2012, it will no longer be possible to meet these conditions. See NIM02200.